The Daily Docket: Judge Approves ResCap Examiner

A judge on Monday granted the wish of Warren Buffett’s Berkshire Hathaway Inc. for an independent examiner to be named in the bankruptcy case of Residential Capital LLC, as Berkshire and others continue to seek the loan assets being sold by the Ally Financial Inc. subsidiary. Read the Daily Bankruptcy Review article here.

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The wind-down of law firm Dewey & LeBoeuf LLP is using its fair share of law firms, restructuring firms and others, Law Blog reports.

Bloomberg reports that Dewey wants to pay law partners helping with the wind-down up to $935 an hour.

Stanford Financial Group executive Laura Pendergest-Holt is expected to plead guilty to obstruction of justice for her alleged role in R. Allen Stanford’s $7 billion Ponzi scheme, The Wall Street Journal reports.

According to the New York Post, the National Hockey League is getting ready to seize the New Jersey Devils if owner Jeff Vanderveek doesn’t refinance the team’s debt before Aug. 14.

The sister of former Detroit Mayor Kwame Kilpatrick filed for Chapter 7 bankruptcy, the Detroit Free Press reports.

Courts are seeing more bankruptcy-filing abuse by nonlawyers, Legal Times reports.

The Tulsa World reports that American Airlines parent AMR Corp. and the airline’s pilots union haven’t been able to agree on labor concessions.

According to Reuters, Extended Stay Inc.’s former chief executive sued Wilkie Farr & Gallagher, saying the firm didn’t give him independent advice before the hotel chain’s bankruptcy left him with a $100 million judgment.

The U.K.’s Serious Fraud Office says property magnate Vincent Tchenguiz isn’t a fraud suspect anymore, BBC News reports.

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